Nebraska Uniform Commercial Code 8-603
- Uniform Commercial Code
- 8-603
8-603.
Savings clause.
(a) Laws 1995, LB 97, does not affect an action or proceeding commenced before January 1, 1996.
(b) If a security interest in a security is perfected at January 1, 1996, and the action by which the security interest was perfected would suffice to perfect a security interest under Laws 1995, LB 97, no further action is required to continue perfection. If a security interest in a security is perfected at January 1, 1996, but the action by which the security interest was perfected would not suffice to perfect a security interest under Laws 1995, LB 97, the security interest remains perfected for a period of four months after January 1, 1996, and continues perfected thereafter if appropriate action to perfect under Laws 1995, LB 97, is taken within that period. If a security interest is perfected at January 1, 1996, and the security interest can be perfected by filing under Laws 1995, LB 97, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.